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RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.79%
This Fund
S&P 500
This Quarter Est. Return
-2.98%
1 Year Est. Return
-0.79%
3 Year Est. Return
+4.8%
5 Year Est. Return
-8.69%
10 Year Est. Return
+11.73%
AUM
$1.35B
AUM Growth
-$92.5M
Cap. Flow
-$51.2M
Cap. Flow %
-3.81%
Top 10 Hldgs %
30.02%
Holding
201
New
31
Increased
45
Reduced
55
Closed
20

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$15.2M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$13M
3
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$9.27M
4
DDF
Delaware Investments Dividend & Income Fund, Inc.
DDF
+$7.68M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$6.3M

Top Sells

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$27M
2
USA icon
Liberty All-Star Equity Fund
USA
+$22M
3
PHK
PIMCO High Income Fund
PHK
+$17.7M
4
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$15.8M
5
CCT
Corporate Capital Trust, Inc.
CCT
+$15.7M

Sector Composition

Rank Sector Weight
1 Financials 2.5%
2 Technology 0.89%
3 Energy 0.4%
4 Industrials 0.34%
5 Consumer Discretionary 0.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGC
76
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$4.54M 0.34%
810,003
+58,756
+8% +$346K
AFB
77
AllianceBernstein National Municipal Income Fund
AFB
$316M
$4.32M 0.32%
345,284
+5,049
+1% +$64.9K
MSF
78
DELISTED
Morgan Stanley Emerging Mkts Fd
MSF
$4.26M 0.32%
231,319
+168,991
+271% +$3.17M
LCM
79
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
$4.05M 0.3%
510,904
+73,732
+17% +$608K
OMAD.U
80
DELISTED
One Madison Corporation
OMAD.U
$4M 0.3%
+400,000
New +$3.99M
NUV icon
81
Nuveen Municipal Value Fund
NUV
$1.91B
$3.83M 0.28%
+404,451
New +$3.9M
AVCT
82
DELISTED
American Virtual Cloud Technologies, Inc. Common Stock
AVCT
$3.79M 0.28%
26,000
-666
-2% -$97.3K
GAM
83
General American Investors Company
GAM
$1.62B
$3.68M 0.27%
110,023
-113,714
-51% -$3.94M
BLW icon
84
BlackRock Limited Duration Income Trust
BLW
$493M
$3.41M 0.25%
225,861
+46,177
+26% +$715K
MCN
85
Madison Covered Call & Equity Strategy Fund
MCN
$119M
$3.18M 0.24%
437,710
-23,559
-5% -$179K
NRCG
86
DELISTED
NRC Group Holdings Corp.
NRCG
$3.08M 0.23%
310,904
-14,096
-4% -$139K
EFL
87
DELISTED
Eaton Vance Floating-Rate 2022 Target Term Trust Common Shares of Beneficial Interest
EFL
$3.05M 0.23%
327,258
-260,323
-44% -$2.42M
LACQU
88
DELISTED
Leisure Acquisition Corp. Unit
LACQU
$3.04M 0.23%
306,600
– –
OHAI
89
DELISTED
OHA Investment Corporation
OHAI
$3.01M 0.22%
2,149,690
-14,944
-0.7% -$18.5K
GDX icon
90
VanEck Gold Miners ETF
GDX
$27.6B
$2.98M 0.22%
135,594
– –
PHK
91
PIMCO High Income Fund
PHK
$878M
$2.95M 0.22%
388,789
-2,333,682
-86% -$17.7M
HYACU
92
DELISTED
Haymaker Acquisition Corp. Unit
HYACU
$2.94M 0.22%
295,000
– –
KXIN icon
93
Kaixin Holdings
KXIN
$8.75M
$2.92M 0.22%
1
– –
NID
94
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
$2.73M 0.2%
+217,684
New +$2.74M
RCS
95
PIMCO Strategic Income Fund
RCS
$249M
$2.61M 0.19%
281,056
-127,990
-31% -$1.17M
OPESU
96
DELISTED
Opes Acquisition Corp. Unit
OPESU
$2.51M 0.19%
+250,000
New +$2.51M
NIE
97
Virtus Equity & Convertible Income Fund
NIE
$736M
$2.51M 0.19%
121,316
-102,366
-46% -$2.21M
BRPAU
98
DELISTED
Big Rock Partners Acquisition Corp. Unit
BRPAU
$2.48M 0.18%
240,000
– –
ACSF
99
DELISTED
American Capital Senior Floating, Ltd.
ACSF
$2.37M 0.18%
212,648
-181,564
-46% -$1.98M
NESR
100
National Energy Services Reunited Corp
NESR
$3.61B
$2.28M 0.17%
230,000
– –
2 3
4
5 6

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Rivernorth Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Rivernorth Capital Management held 201 positions worth $1.35B, down 6.4% from $1.44B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $51.2M in Q1 2018, closing 20 positions and reducing 55 holdings. Its most notable exit was Cornerstone Strategic Value Fund, an estimated $27M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.5% of assets, down from 3.9% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $14.7M.

  • Rivernorth Capital Management's largest Q1 2018 buy was State Street SPDR S&P 500 ETF Trust: 55,719 shares worth $14.7M.
  • Rivernorth Capital Management added most to abrdn Total Dynamic Dividend Fund in Q1 2018, an estimated $13M increase.
  • Rivernorth Capital Management's biggest Q1 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $22M.
  • Rivernorth Capital Management fully exited Cornerstone Strategic Value Fund in Q1 2018, selling an estimated $27M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.35B portfolio in Q1 2018.
  • Rivernorth Capital Management opened 31 new positions and closed 20 in Q1 2018.
  • Rivernorth Capital Management's portfolio value fell 6.4% quarter-over-quarter to $1.35B.

Based on Rivernorth Capital Management's 13F filing for Q1 2018, filed 15 May 2018.